---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-021097"
form_type: "8-K"
ticker: "CTLP"
cik: "0000896429"
company_name: "CANTALOUPE, INC."
filed_at: "2023-06-06T23:59:59+00:00"
generated_at: "2026-06-14T07:04:38.460292+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Cantaloupe settles SEC legacy revenue probe with $1.5M penalty

## Summary
- Final settlement with SEC over USA Technologies' revenue recognition practices in FY2017-2018.
- Agreed to cease-and-desist and $1.5M civil penalty; neither admits nor denies findings.
- Company had fully reserved the $1.5M penalty as of its last fiscal quarter.
- Received $2.0M insurance reimbursement for legal fees related to the investigation.
- None of Cantaloupe's current officers were employed during the period covered by the SEC order.

## SEC filing metadata
- accession: 0001628280-23-021097
- form_type: 8-K
- ticker: CTLP
- cik: 0000896429
- company_name: CANTALOUPE, INC.
- filed_at: 2023-06-06T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/896429/000162828023021097/0001628280-23-021097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/896429/000162828023021097/usat-20230605.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-021097
- JSON: https://secwatch.observer/filing/0001628280-23-021097.json
- Plain text: https://secwatch.observer/filing/0001628280-23-021097.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.